Form 990 for tax year 2024

Filed by LEADERSHIP INITIATIVES.

What the amendment changed

Compared with the return it replaced , filed 6 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $3,227,730 changed to $4,915,088
Total expenses: $2,799,212 changed to $5,252,517
Contributions and grants received: $70,436 changed to $322,333
Program service revenue: $3,157,294 changed to $4,561,861
Investment income: $0 changed to $30,894
Total assets, end of year: $1,568,110 changed to $1,886,847
Total liabilities, end of year: $1,067,761 changed to $1,713,436
Net assets or fund balances, end of year: $500,349 changed to $173,411
Program services expenses: $2,632,256 changed to $4,930,828
Management and general expenses: $166,946 changed to $321,498
Fundraising expenses: $10 changed to $191
Program service expenses (Part III): $2,448,860 changed to $4,930,828

Listed only on the earlier return

Ahmed MohammedAHMED MOHAMMED
Bill StefanBILL STEFAN
Blushel OcbinaBLUSHEL OCBINA
Bryan BernysBRYAN BERNYS
Carmine CarulloCARMINE CARULLO
Chip KundeCHIP KUNDE
Jim ScottJIM SCOTT
Leigh SlaugtherLEIGH SLAUGTHER
Nicolas BenoreNICOLAS BENORE
Nicole De VeraNICOLE DE VERA
Rick KuehnRICK KUEHN
Whitney DerberWHITNEY DERBER

Listed only on the later return

Lauren HenselLAUREN HENSEL
Marc ZavarroMARC ZAVARRO
Nick AbeleNICK ABELE

Listed under a different title

Blake SpreemanBLAKE SPREEMAN: REGISTRATION AND ACCOUNTS MANAGER then DIRECTOR OF FINANCE
Jessica BaillyJESSICA BAILLY: CHIEF OPERATION OFFICER then DIRECTOR OF DEVELOPMENT

Totals

Total revenue: $4,915,088
Total expenses: $5,252,517
Contributions and grants received: $322,333
Grants paid: $0
Program service revenue: $4,561,861
Investment income: $30,894
Other revenue: $0
Total assets, end of year: $1,886,847
Total liabilities, end of year: $1,713,436
Net assets or fund balances, end of year: $173,411
Program services expenses (Part IX): $4,930,828
Management and general expenses: $321,498
Fundraising expenses: $191
Program service expenses (Part III): $4,930,828

Program services were 93.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$322,333
2f · All other program service revenue

total $4,561,861
3 · Investment income

total $30,894

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $1,025,910 · program services $768,383 · management and general $257,527
9 · Other employee benefits

total $62,721 · program services $48,860 · management and general $13,861
11b · Fees: legal

total $1,627 · program services $410 · management and general $1,217
11d · Fees: lobbying

total $191 · fundraising $191
12 · Advertising and promotion

total $392,140 · program services $392,047 · management and general $93
13 · Office expenses

total $66,741 · program services $59,404 · management and general $7,337
14 · Information technology

total $46,515 · program services $39,355 · management and general $7,160
16 · Occupancy

total $98,508 · program services $73,881 · management and general $24,627
17 · Travel

total $144,787 · program services $144,774 · management and general $13
22 · Depreciation, depletion and amortization

total $22,132 · program services $22,132
23 · Insurance

total $44,886 · program services $39,757 · management and general $5,129
24a · Other expenses: CONSULTANTS

total $332,200 · program services $331,950 · management and general $250
24b · Other expenses: COMMUNITY

total $65,841 · program services $65,841
24c · Other expenses: SUMMER PROGRAM

total $1,675,025 · program services $1,675,025
24d · Other expenses: OTHER EXPENSES

total $1,273,293 · program services $1,269,009 · management and general $4,284

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $586,770 · end of year $491,384
2 · Savings and temporary cash investments

end of year $274,000
4 · Accounts receivable

beginning of year $893,467 · end of year $1,018,593
10a · Land, buildings and equipment: cost or other basis

$133,150
10b · Land, buildings and equipment: accumulated depreciation

$30,280
10c · Land, buildings and equipment, net

beginning of year $87,873 · end of year $102,870
19 · Deferred revenue

beginning of year $1,068,475 · end of year $1,678,250
25 · Other liabilities

beginning of year -$11,205 · end of year $35,186
27 · Net assets without donor restrictions

beginning of year $487,090 · end of year $148,411
28 · Net assets with donor restrictions

beginning of year $23,750 · end of year $25,000
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

LEADERSHIP NBSP;INITIATIVES NBSP;CREATES NBSP;FUTURE NBSP;LEADERS NBSP;BY NBSP;TRANSFORMING NBSP;THEIR NBSP;IDEAS NBSP;FOR NBSP;SOCIAL NBSP;AND NBSP;ECONOMIC NBSP;CHANGE NBSP;INTO NBSP;COMMUNITY-BASED NBSP;BUSINESSES NBSP;LAW NBSP;ADVOCACY NBSP;CAMPAIGNS NBSP;AND NBSP;PUBLIC NBSP;HEALTH NBSP;INTERVENTIONS NBSP;THAT NBSP;ADDRESS NBSP;INEQUITIES NBSP;ACROSS NBSP;THE NBSP;GLOBE

Activities or mission (Part I)

LEADERSHIP INITIATIVES CREATES FUTURE LEADERS BY TRANSFORMING THEIR IDEAS FOR SOCIAL AND ECONOMIC CHANGE INTO COMMUNITY-BASED BUSINESSES, LAW ADVOCACY CAMPAIGNS, AND PUBLIC HEALTH INTERVENTIONS THAT ADDRESS INEQUITIES ACROSS THE GLOBE.

LEADERSHIP INITIATIVES PARTNERED WITH OUTSTANDING HIGH SCHOOL STUDENTS TO GAIN REAL-WORLD EXPERIENCE EXPLORE FUTURE CAREERS AND DEVELOP CRITICAL SKILLS TO CREATE THE NEXT GENERATION OF LEADERS WORLDWIDE OFFER IN-PERSON INTERNSHIPS THAT IMPACT THE LIVES OF STUDENTS AND THE INDIVIDUALS THEY ARE PARTNERED WITH.

Expenses $4,930,828 · Revenue $4,515,183

As filed on the 2024 return.

Listed in Part VII

Jessica BaillyJESSICA BAILLY

DIRECTOR OF DEVELOPMENT

Total calculated

$148,642

From this org

$148,642

From related orgs

$0

Other

$0

Hours/week

40
Marc ZavarroMARC ZAVARRO

DIRECTOR OF STRATEGIC PROGRAM

Total calculated

$118,737

From this org

$118,737

From related orgs

$0

Other

$0
Lauren HenselLAUREN HENSEL

DIRECTOR OF OPERATIONS

Total calculated

$112,880

From this org

$112,880

From related orgs

$0

Other

$0
Nick AbeleNICK ABELE

SYSTEMS DIRECTOR

Total calculated

$119,160

From this org

$119,160

From related orgs

$0

Other

$0
Blake SpreemanBLAKE SPREEMAN

DIRECTOR OF FINANCE

Total calculated

$53,912

From this org

$53,912

From related orgs

$0

Other

$0

Hours/week

15

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2024
Filed: 8 April 2026
IRS schema version: 2024v5.2
Source object: 202621139349302007

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